petroleum and thereby our national -- reduce our national security risk to improve our balance of payments and about half remains petroleum. and to increase our gdp by the maximization of these activities in the united states rather than exporting our dollars abroad. thank you very much. think we can sit down now. >> thank you. give us a moment to take care seats. [applause] our panel discussion is about to begin featuring senator lamar alexander and our moderator. >> can you hear me now? good morning, everyone. i'm in lazy moderator. want to talk about this report, talk about the future of energy in this country and the future of transportation. i want to make sure you know to please jump in. i don't want to ask a question and ask another question. do we all agree? wonderful. let me start with fred. we have heard about this new found or renewed abundance for energy. i have heard people this week, saudi america. we have all this energy. how do we leverage it and harness it? >> it is important to take the hyperbole of comments like america being the new saudi arabia of energy and put it in